Transcript
  • 00:01    |    
    Initial credits
  • 00:30    |    
    Personal presentation
  • 00:51    |    
    Introduction
    • How much defense spending?
      • Opinion of Hitch and McKean
      • Opinion of President George Bush
    • Comparative military budgets across countries
      • Money allocated to defense
      • Share of GDP allocated to defense
  • 06:19    |    
    US Department of Homeland Security
  • 06:53    |    
    Research objectives
    • Determine the impact of terrorism on national economies
    • Applications: managing financial portfolios
  • 07:59    |    
    Preview
  • 08:18    |    
    Overview of global terrorism
  • Definition of terrorism
  • 09:41    |    
    Overview of global terrorist acts (1968-2002)
    • What are the patterns over the past 35 years?
    • Time series pattern: global incidents
    • Global casualties
    • Casualties per incident
  • 12:54    |    
    Regional patterns: (1968-2002)
    • Share of terrorist incidents
    • Casualties from terrorism
  • 14:35    |    
    Summary
    • What are the patterns over the past 35 years?
    • What are the determinants of terrorism?
  • 16:45    |    
    Impact of terrorism on national economies
    • Evidence used for the analysis
    • Impact on four variables
    • Specification of the regression model
    • Variables used to measure terrorist activity
  • 19:46    |    
    Regression results
    • Incidents per 100K population
    • Casualties per 100K population
  • 20:53    |    
    Plot of regression results
    • Effect of incidents in GDP
    • Effect of incidents in GDP
  • 22:09    |    
    Effect of unanticipated incidents
  • 22:42    |    
    Application of the regression results
    • GDP gains from deterring one incident
    • GDP gains for US
    • GDP loss from increased casualties
  • 26:51    |    
    Analysis of historical data to estimate the impact
  • 28:23    |    
    Caveat: omission of psychological effects on the estimates
  • 29:33    |    
    Use of this analysis
  • 30:01    |    
    Question and answer period
    • Do you think that the American economy is feed by the war industry?
    • Does the best strategy to have a GDP gain consists of preventing incidents rather than preventing casualties?
    • How much is the Defense Department investing in technology and innovation?
      • Opinion of Marc Crain
      • Opinion of Nicole Crain
    • What would be the effect of Defense Expenditure in the main variables?
      • Opinion of Nicole Crain
      • Opinion of Marc Crain
    • Does the Patriot Act affects also individual freedom?
  • 47:44    |    
    Final credits


How to Face the International Terrorism? Economic and Political Impact

22 de marzo de 2006   | Vistas: 9
New Media

Conferencista

Nicole Crain is visiting professor of economics and faculty affiliate in the Policy Studies Program at Lafayette College. She specializes…


IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín